This is my first instructable so let me know how I do. Now before I continue I must give credit to eschmunk who posted the idea but no instructions and Noreen Crone-Findlay on youtube who had the video that showed me how to do the knitting part. Now that is out of the way lets start.
Step 1: What you need
For this project you will need:
* +-35ft of one color of paracord ( I started with 50ft but I had about 15ft left over because I felt that 50ft made the lanyard too long)
* a lighter (to melt the ends of the paracord so it wont unravel [caution when melting ends the molten paracord is very hot and can stick to skin causing 2nd degree burns so be careful])
* a small screw driver (or any small pointed object) to lift cord.
* a key ring
* a circular object with three pegs, i used this screw-in for something that i found while rummaging through the garage, but you can use a napkin holder with three small nails lightly hammered in.
Step 2: Getting started
OK, first thing you need to do is to insert a short length of paracord through the spool an inch or two is fine, then loop the cord around each peg twice. once you have that done pull the lower cord that is around the peg over the upper cord so the lower cord is now in the center of the spool ( you should start on the first peg you wrapped so you have the more slack ). Now you loop the cord around again and continue the previously mentioned pattern until you reach your desired length.